| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| 乐鱼体育官网 Size (2025) | USD 585.38 Billion |
| 乐鱼体育官网 Size (2030) | USD 771.62 Billion |
| CAGR (2025 - 2030) | 5.68% |
| 乐鱼体育官网 Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South Korea Retail Sector 乐鱼体育官网 Analysis
The South Korea Retail 乐鱼体育官网 size is estimated at USD 585.38 billion in 2025, and is expected to reach USD 771.62 billion by 2030, at a CAGR of 5.68% during the forecast period (2025-2030).
The retail sector in South Korea is growing significantly due to its consistent economic growth and growing middle-class population, which has been essential in driving consumer expenditure. The growth in the middle-income population improves the spending power of consumers for a wide range of products and services. Healthy eating habits have gained popularity among educated consumers and are regularly featured in print and broadcast media. Fresh foods, fruit juices, fruit concentrated-based beverages, organic foods, sugar-free confectionery, packaged food with higher fiber content, dairy products, and vitamin and calcium-fortified packaged food and beverages are also preferred by middle to upper-income consumers.
Further, the increasing urban population has also concentrated potential customers in large cities, resulting in the development and expansion of retail stores. In contrast, the retail landscape has been revolutionized by the rapid adoption of digital advancements and the cumulative popularity of e-commerce platforms in the country, making it easier for businesses to influence consumers to gain access to a wide range of products and services. Revenue for offline and online retailers has increased. The popularity of online shopping has increased across the globe. Food and groceries were the most frequently purchased online. The aging population and rising number of single-person households in South Korea drive convenience and small-portion F&B product innovation.
South Korea Retail Sector 乐鱼体育官网 Trends
Growing E-Commerce is Driving the Retail 乐鱼体育官网 in South Korea
South Korea is a big e-commerce 乐鱼体育官网 worldwide. South Korea has an internet usage rate of 93% among the population, and e-commerce holds a strong position in the country. Retail e-commerce volume continued to increase, mainly due to the impact of pandemic. Online shopping was especially popular among people under the age of 40 years. In recent years, the leading online shopping categories based on sales were food and beverages and home appliances. Due to more time spent at home and the implementation of travel restrictions, online travel arrangements and reservation services expenses have decreased significantly compared to the previous years. Among the online items, clothing, footwear, sporting goods, and accessories had a significant 乐鱼体育官网 share.
Understand The Key Trends Shaping This 乐鱼体育官网
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Food Industry Dominates the Retail Sector in South Korea
The food and beverage industry in South Korea takes up more than one-third of the country鈥檚 retail 乐鱼体育官网. Despite the ongoing economic downturn, food retailing, luxury goods, and electronic equipment 乐鱼体育官网s showed steady growth rates. Grocery retail stores led the food retail industry in South Korea. Grocery stores became more popular by selling locally grown crops and livestock at lower prices while keeping the same quality. Over the past years, consumer confidence also increased as large retail brands and food specialists entered the online grocery 乐鱼体育官网. Food companies developed logistics and delivery systems as competition in the online 乐鱼体育官网 intensified.
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South Korea Retail Sector Industry Overview
Major international and local players operating in the South Korean retail sector are covered in the report. A few of the major players currently dominate the 乐鱼体育官网 in terms of 乐鱼体育官网 share. South Korea鈥檚 retail industry is saturated with domestic players. These firms are known for their substantial financial capabilities and huge organizational capacities. However, with technological advancements and service innovations, mid-size to smaller companies increase their 乐鱼体育官网 presence through new contracts. The major players in the 乐鱼体育官网 include Hyundai Home Shopping Network Corp., Shinsegae Department Co. Ltd, Lotte Mart, E-Mart Inc., and Homeplus Co. Ltd.
South Korea Retail Sector 乐鱼体育官网 Leaders
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Hyundai Home Shopping Network Corp.
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Shinsegae Department Co. Ltd
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Lotte Mart
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E-Mart Inc.
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Homeplus Co. Ltd
- *Disclaimer: Major Players sorted in no particular order
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South Korea Retail Sector 乐鱼体育官网 News
- September 2023: Lotte Mart, a South Korean super乐鱼体育官网 retail store chain, announced that it will create a unique shopping zone for non-Korean tourists at its stores that travelers and tourists frequently visit.
- June 2023: US Burger Chain Five Guys opened its first store in Seoul's Seocho District. Located on Gangnam-aero Road between Gangnam and Sinnonhyeon subway stations, the branch includes two floors and an area of 588 sq m. Five Guys will also offer the same food quality in South Korea as in America, with no localized items for the domestic 乐鱼体育官网.
South Korea Retail Sector Industry Segmentation
Retail is offering goods or services through various distribution channels to earn a profit. A complete background analysis of the South Korean retail industry, which includes an assessment of the parental 乐鱼体育官网, emerging trends by segments, significant 乐鱼体育官网 dynamic changes, and a 乐鱼体育官网 overview, has been covered in the report.
The South Korean Retail Sector 乐鱼体育官网 is segmented by product category and distribution channel. By product, the 乐鱼体育官网 is sub-segmented into food, beverage, and tobacco products; personal care and household, apparel, footwear, and accessories, furniture, toys, and hobby, industrial and automotive, electronics and household appliances, and pharmaceuticals and luxury goods. Under distribution channel, the 乐鱼体育官网 is sub-segmented into online and offline channels. The report offers 乐鱼体育官网 size and forecasts in value (USD) for all the above segments.
| Product Type | Food, Beverage, and Tobacco Products |
| Personal Care and Household | |
| Apparel, Footwear, and Accessories | |
| Furniture, Toys, and Hobby | |
| Industrial and Automotive | |
| Electronic and Household Appliances | |
| Pharmaceuticals and Luxury Goods | |
| Distribution Channel | Online |
| Offline |
Product Type
| Food, Beverage, and Tobacco Products |
| Personal Care and Household |
| Apparel, Footwear, and Accessories |
| Furniture, Toys, and Hobby |
| Industrial and Automotive |
| Electronic and Household Appliances |
| Pharmaceuticals and Luxury Goods |
Distribution Channel
| Online |
| Offline |
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South Korea Retail Sector 乐鱼体育官网 Research FAQs
How big is the South Korea Retail 乐鱼体育官网?
The South Korea Retail 乐鱼体育官网 size is expected to reach USD 585.38 billion in 2025 and grow at a CAGR of 5.68% to reach USD 771.62 billion by 2030.
What is the current South Korea Retail 乐鱼体育官网 size?
In 2025, the South Korea Retail 乐鱼体育官网 size is expected to reach USD 585.38 billion.
Who are the key players in South Korea Retail 乐鱼体育官网?
Hyundai Home Shopping Network Corp., Shinsegae Department Co. Ltd, Lotte Mart, E-Mart Inc. and Homeplus Co. Ltd are the major companies operating in the South Korea Retail 乐鱼体育官网.
What years does this South Korea Retail 乐鱼体育官网 cover, and what was the 乐鱼体育官网 size in 2024?
In 2024, the South Korea Retail 乐鱼体育官网 size was estimated at USD 552.13 billion. The report covers the South Korea Retail 乐鱼体育官网 historical 乐鱼体育官网 size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South Korea Retail 乐鱼体育官网 size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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South Korea Retail Sector Industry Report
Statistics for the 2025 South Korea Retail Sector 乐鱼体育官网 share, size and revenue growth rate, created by Mordor Intelligence鈩� Industry Reports. South Korea Retail Sector analysis includes a 乐鱼体育官网 forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
